Chapter 7
Michigan Chapter 7 Bankruptcy Lawyers
Thousands of people throughout Southeastern Michigan struggle to pay their bills each month; and each month they find themselves falling farther and farther behind. Many of these people fail to contact a personal bankruptcy attorney, and end up losing their home, car, and personal property. The Chapter 7 bankruptcy attorneys at the Law Offices of William C. Babut, P.C. have helped thousands of clients protect their property.
The new bankruptcy laws and you
A lot of people do not understand how the new bankruptcy laws impact them. We have clients come into our office who do not even realize that Chapter 7 bankruptcies still exist. The reality is, they do, and in most cases Chapter 7 is available to an individual seeking bankruptcy protection. The biggest change the law puts into place is "means testing" to determine if the median income of a family is above a certain threshold. If the filing party's median income is less than the median, typically it is not a problem to file a Chapter 7 bankruptcy. If it is more than the median, the court will require the client to provide information about their incomes, debts and assets in order to determine if they are eligible to file. Even with this requirement, there is still a good chance of being able to file a Chapter 7 bankruptcy.
As of December 2006, the following were the median incomes for families of sizes one to six individual:
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Family of one - $41,263
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Family of two - $49,080
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Family of three - $59,142
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Family of four - $71,542
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Family of five - $77,842
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Family of six - $84,142
Experienced Michigan Personal Bankruptcy Lawyers
With offices located in Ypsilanti, Taylor, Jackson, and Adrian, our lawyers are able to provide personalized local bankruptcy representation. Since our main focus is bankruptcy, our attorneys keep abreast of any changes in the bankruptcy laws and how they affect our clients. Our lawyers have handled Chapter 7 bankruptcy cases since 1991. We are committed to helping our clients eliminate their debt and move forward with their lives. We discuss our client’s financial situation and determine whether a Chapter 7 bankruptcy is the proper course for their specific situation.
Bankruptcy Provides Immediate Relief from Creditors
Once you hire our Michigan personal bankruptcy lawyers, we begin working on your case immediately. Our attorneys inform creditors that you are represented by counsel and they are required to cease all harassing phone calls and attempts to collect on outstanding debt. Bankruptcy prevents home foreclosure actions and automobile repossessions.
For more information on Chapter 7 bankruptcy, please visit our
Chapter 7 Bankruptcy Practice Center.
Contact our Michigan Bankruptcy Attorneys
If you are experiencing financial hardship and need the legal advice and representation of an experienced Chapter 7 bankruptcy lawyer, please contact the Law Office of William C. Babut, P.C..
